French Winery Tests The Market With Huge List Price
The French wine world is buzzing with the news of the listing of Chateau de Malle in Sauternes for an incredible 68 million euros. Decanter reports that the chateau appeared anonymously in the Financial Times last Saturday. The listing, by estate agency Maxwell Storrie Baynes, does not name the property and says that it "will furnish complete details upon the customary signing of confidentiality agreements." But the magic words "praised by the wine press including critics such as Robert Parker" helped wine watchers narrow it down. Decanter quotes an agent in the area who was apparently gobsmacked by the price calling it "completely crazy" taking into account the fact that aspiring winemakers often want properties in the marquee territories like St Emilion, Pomerol and cru classe Medoc rather than Sauternes.
